The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-09-19
CAPITAL STOCK, SHARES,
100000 1000, each 500
PROSPECTUS
-OF----
IyDGG Beach Company.
sAvAENAH. GA. Sent. Is. 1881.

SAVAkNAH, ia, sept. To- 1901.
THE successful construction Of the Savannah
i and Iybee railway, connecting Great J y
bee Island with the city of Savannah, assures
for all time the importance Of that island for
commercial purposes and as pleasure resort
soon to rank with the most famous on the
Atlantic coast.
As an evidence of itl popularity as a seaside
resort, with the innumeruble disadvantages al
ways attendant upon the opening of new road
the very first months business OF the railway,
though near the close of the seaside season,
showed net profit OF twelve hundred dollars
(Sl200j.
It's commercial advantages remain TO be de
veloped but cannot be over estimated In view
of its commanding position at the entrance %
one Of the most important harbors on the At
lautic coast and the second cotton port.
Two extensive railroad systems now centering
at Savannah must OF necessity, In the near flu.
ture for certain classes OF freight and vessels,
avail of the advantages OF Tybee and its con
Meeting railroad. Besides these systems pro-
vided with extensive wharf properties at the
city, two other lines are sure to be soon r1pping
at our doors for entrance, which will be- unpro-
vided with deep water terminus NJ the city and
will find great difficulty in procuring such as
the present systems own nearly all the front
age of value for terminals One of these Ii the
Air Line 10 Birmingham, the heart Of the great
mineral belt Of Alabama, there connecting with
others and forming a through line 10 Kansas
City, do. The other VIII connect with Fast
Tennessee Virginia and Georgia Railroad below
Macon, Ca, and m8ke through line for that
great system. MIN It's t0OlkHnQ OF mics rail-
ramfying dozen States. These two latter
roads must have terminal facilities equal TO the
present establ shed systems. and II they cannot
be had at Savannah then Tybee must furnish
them. Both these latter systems tap the mex
haUs.ihle coal fields of the South, and Tybee At.
fords the finest 10 alton on the South Atlantic
coast for coailng station
Application for a charter of Incorporation for
Tybse Island under name of Ocean Clty Is now
pending in the Legi Stature, and, as soon as
passed an organized government win be formed
under II, afording the fullest protection to life
and property OF the island.
Solely for the purpose Of enllsting and inter.
estng the general public IN the Improvement
and development of 'fybee Island as summer
and winter resort, and bringing TO notice it's
great commercial advantages the incorpOrntors
Of the Tybee Beach Company who, ~ recent
purchase, became possessed Of nearly the whole
Of Great Tybee Island, have determined to offer
for sale at par, five hundred $50 shares of the
stock Of the Tybee Beach Company.
The entire capital stock Of the Company is one
hundred thousand dollars $4,000, divided into
shares Of one hundred dollars 800 each Of
which Ave hundred 800 snares is represented
by the Ocean House, occupying seven "a lots
@txS00 feet each recently put In thorough order
and completely furnished mt a heavy outlay;
three hundre 800 building lots and several
hundred acres Of land available for residence
and store sites, club houses, wharf fronts, etc,
ETC., AMI also Buck, Cedar and other hammocks
on Little Tybee Island.
The entire amount to he derived from the sale
Of the five hundred 900 shares Is 10 be applied
to the increase OF hotel accommodations by en-
larging the Ocean House, erecting a new first
class hotel with every modern convenience and
capacity of 300 10 800 guests commodious pa
vlons and bath houses, and cottages for rent
or sale. and 10 do generally whatever may be
deemed necessary aud cSpedent 10 make Tybee
Island an attractive. safe aud pleasant resort
for visitors from all pir.s % the world at all
seasons Of the year.
The Ocean House enlarged and hcw hotel to
BE- built with privileges tbat the Company can
lei for n consideration, guarantees a dividend Of
Qt least six per cent or the capital atock which
will he yeurly supplemented by the sale Of lots
etc, and In few years, II Is reasonable 10 ex-
pect investors VIII have their original invest
nnents back IN hand WITH steadily increasing
dividends meanwhile and afterw,tr1.
No single subscription will be taken for more
than fivc 90 shares and should the subscriptions
exceed the aggregate amount Of stock offered.
for sale all subscriptions over one % share Will
lie proportonately scaled SO ~ 20 interest the
largest number ~ Subscribers IN the enterprise
aud thus more completely accomplish tae pri-
mary object OF the iEcorporators IN placing This
stock OH the market
The shares win be required 10 he paid for as
follows: twenty Gye C&5j per cent. within ten
(l0) days after closing subscription books and
fifteen 05) per cent. each thirty days thereafter
unfil fully paid up
AZ soon as all the shares are subscribed the
shareholders will be convened and the reaigna.
ton Of Che present officers Of The company viii
the selection OF officers 70 mnnaZe the affairs
Of the company and expend the money sub
scribcd by them.
OF privileges. can be had upon Application 10
either of the undersigned each OF whom Is
ready 10 re Give subscriptions and give any
further informatiof resairding ne enterprise.
4. vETsDUJRG. Committee.
y. q. PURSE,